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The global fix

It demands better governance from others, but the G7 needs to put its own house in order

By Ngaire Woods   November 2000

Unnoticed by the press and the demonstrators in Prague, G6 (G7 minus Japan) governments last month quietly buried efforts to reform the way in which heads of the IMF and the World Bank are selected. The governments thus reneged on promises to make the institutions more open and accountable. As a result, European governments and the US will find themselves on weaker ground in calling for developing countries to reform their ways.

Earlier this year, there was a political furore when Germany nominated Caio Koch-Weser for the job of managing director of the IMF and the US vetoed him. Germany…

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